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Benefits - Active Members
MEMBER SERVICES
WHAT IS A PRE-RETIREMENT PROGRAM?
It is a program which provides employees with information
to assist them in making sound decisions for that time of
life when a career ends.
Mission Statement
To motivate our members to utilize all available
resources and their knowledge to actively plan for the
financial, social, and emotional challenges of retirement.
Goals & Objectives
- To be prepared for retirement
- To reduce anxiety
- To have accessibility to all resources
- To have an awareness of issues and timeliness in
planning
- To have a positive outlook ? To look at all
options
- To integrate retirement benefits with retirement life
Target
Employees age 30+ and eligible employees under Act
5522-Early Retirement; Act 5226-Hazardous Duty; and Act
4433-Early Retirement for Designated Safety Employees.
Pre-retirement Planning
- All new employees are encouraged to attend the
Division of Personnel sponsered New Employee
Orientation. A wealth of information is shared to
include government policies and benefits, GERS employee
benefits, health and life insurance benefits, credit
union benefits.
- Members are encouraged to learn as much as they can
about the system benefits and begin developing their
retirement roadmap by attending one of our monthly
sponsored workshops, or by attending a department/agency
on-site workshop, or by seeking individual counseling
(this applies not only when an employee is planning to
retire, but early on in their career so that they can
make a smooth transition from work to retirement and
adequately plan for the emotional and financial
challenges they may face).
- Workshop topics include GERS Benefits, Medicare,
Social Security, Health Tips, Taxes, and overall
retirement planning. Note: We also conduct a Financial
Planning Workshop which includes budgeting, investing,
understanding your credit.
- Members are strongly encouraged to attend at least one
(1) Pre-retirement Planning workshop early on in their
career as this would help them to gauge their plans for
the future and work towards getting their finances in
order, paying down debt, repaying contributions, getting
their questions on social security answed and so much
more.
- Members are encouraged to save at
minimum, 3 months income to tide them over
during the transitional period between their retirement
date and the time when their annuity begins.
FYI: Workshop schedules are prepared and
distributed to each department/agency at the beginning of
each calendar year.
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